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506 NELSON Avenue, Penticton

MLS® #10392992
About this Property

Opportunity is calling, and this one delivers. Centrally located and income-generating from day one, this versatile property is a smart move for investors and homeowners alike, whether you're growing a portfolio or letting a tenant help carry the mortgage. Two fully self-contained living spaces give you real options: the upper residence offers 2 bedrooms and a full bath, a bright living area, functional kitchen, and the everyday convenience of main-floor laundry, while the lower level features a private 530 sq.ft. 1-bed, 1-bath suite with its own laundry and separate backyard access. Both open onto a spacious, fully fenced yard made for summer living. Move in with confidence: a new roof and hot water tank, both completed in 2023, mean the big-ticket items are already handled and in 1995 new electrical, plumbing, windows & insulation were updated. Outside, generous front and rear yards, rear lane access, and ample parking leave plenty of room for multiple vehicles, the RV, and the boat. Minutes from shopping, schools, parks, transit, and everyday amenities, this is that rare blend of location, flexibility, and lasting value. Whether you're expanding your investments or offsetting your mortgage with rental income, opportunities like this don't wait. Come see it before it's gone. Total sq.ft. calculations are based on the exterior dimensions of the building at each floor level & inc. all interior walls & must be verified by the buyer if deemed important. (id:62865)

Property Information

Status

Active

Year Built

1940

Property Type

House

Ownership

Freehold

Parking Spaces

3

Annual Tax

$4,234

Parcel Number

008-251-215

Data Source

Association of Interior REALTORS®

Interior Details

Bedrooms

3

Bathrooms

2

Living Area

1586 square feet

Flooring

TileHardwoodCarpetedVinyl

Appliances

WasherRefrigeratorOven - ElectricDryerWasher/Dryer Stack-Up
Exterior & Lot

Lot Size

0.08 acres

Fencing

Fence

View

Mountain view, View (panoramic)

Lot Features

Level lot

Exterior Features

Wood sidingCedar Siding

Community Features

Family Oriented
Building & Utilities

Roof

Asphalt shingle,Unknown

Heating

Baseboard heaters, Electric

Water Source

Municipal water

Sewer

Municipal sewage system

$629,800

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
3Beds
2Baths
1586sqft
Listing Courtesy of

Office

Chamberlain Property Group Inc.

Mortgage Calculator
$125,960

Loan Amount:

$503,840

Estimated Monthly Payment:

$2,455

This is an estimate for informational purposes only. Consult with a financial advisor.